Posted On: 09/04/2013 10:37:40 PM
Post# of 39368
DTL you are speaking the truth. I am a shareholder and 2 producing wells in 2 years is crap. That's 1 well that makes a half million but cost us 5 million. It's not rocket science that we are failing. We have no potential gushers and Belize has been a failure. The people that "know" things can't prove it and are pissed when the truth hits. If you are happy with this investment that is down 700% since the beginning of last year are dreamers or idiots. Smart people don't sell leases for 250k if they are worth more. They sell because successful companies wouldn't touch them and they saw this duck from a mile away. Unless Treaty comes across an investor with at least 50 mil then this company is done. Oilfield is an expensive business and nickel and dimes have gotten us zero profit. Honestly have we done anything that has made us more than we have spent on it. Not the Mitchell because we are getting a quarter of production or less. No bashing or bull chiting but that's real. I've run a successful company for 10 years and this will never be. You think we will hit a well that produces 500 barrels a day. They are too expensive to drill and produce for Treaty. It's over for them unless someone with real money wants to invest and take control. People with money like that don't deal with the Andrew Reid's in life. They deal with winners. Take it how you want it.
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